Benefits Of Ownership The M65 grade $1 Type 1 common date gold coin offers one a chance to play at big-league stakes without playing the biggest stakes in the league! When you look at the gold content value to numismatic rarity value ratio, owning this coin can offer similar market exposure to the purchase of a single rare 1oz U.S Double Eagle gold coin that trades at 40 or so times the dollar value of it’s gold content. In the markets of recent years, a rare U.S. 1 oz gold coin of this rarity magnitude would easily trade in the $40,000 to $50,000 range and higher. All gold coins should be considered long term investments. By diversifying any physical gold bullion and or paper gold investments (ETF’s or stocks) you may have with the addition of rare U.S. gold coins, you add leverage and depth to your precious metals portfolio. Coins such as these are often considered to be collectibles by the IRS and are therefore treated differently than gold bullion assets or gold market accounts. There may be significant benefits to be gained by including rare U.S. gold coins in your estate and retirement planning. If you have further questions about owning rare U.S. gold coins, please call ITM Trading at 1.888.696.4653. Historical Value More than half a century after Alexander Hamilton, who was then holding the position of Secretary of the U.S.Treasury, called for the creation of a $1 gold coin to be designed and struck in quantities sufficient for unrestricted use across the land,was legislation finally passed. Thus began the creation of a $1 gold coin that would see success and failure within the U.S. Mint Department. James B. Longacre, Chief Engraver at the Philadelphia Mint, was tasked with creating the designs and dies necessary to carry out the production of the coin, which was ordered to commence on a hastened schedule. Rising prices for silver abroad was at the time leading to an outflow of U.S. silver coins across the borders of the Nation, and a gold boom on the western side of the continent was producing record gold surpluses. These factors both led to a hurried production for a coin mired in decades of political debate, as well as a few years of high production numbers. Also of interesting note, the Type 1 $1 gold coin is the smallest coin, gold or otherwise, that the U.S. Mint has ever produced for commerce and circulation. The diameter of the coin is given as .500 inches. The Type 1 design was discontinued after only 5 years in favor of a coin with a larger diameter of .563 inches. Coin Design James B. Longacre was relatively new to his position of Chief Engraver at the Philadelphia Mint when the lawful decree to coin a $1 gold piece set about the chain of events that would create a strikingly beautiful if just as tiny piece of American numismatic history. Longacre created a poised and warm rendition of a left facing Lady Liberty, with her hair collected in a bun on the back of her head while flowing locks also graced her shoulders. This image is surrounded by an arc of thirteen stars, which pay tribute to the thirteen original States. The full script that was legally required to be present on the coin, such as the date of strike and the denomination of the coin, along with the words “United States of America”, was incorporated into the design on the reverse side of the coin, leaving Lady Liberty’s image to be the focal point of the obverse design. The Denomination is given as the numeral “1” placed directly over the word “DOLLAR” with the date of the strike placed just below this, on the third and final row of centrally located script. Surrounding these three lines is a simple and thin wreath, and the wreath is tied at the bottom with a thin bow. “United States of America”, in all capital letters, arcs around the perimeter of the coin, finishing the reverse design. MS65 Not all coins strikes are equal, and not every coin can grade to a MS65 status. Not all lives are equal either. And the life required for soft gold coin that has been in existence for a century and a half and to remain in MS65 condition is a cushy one.MS refers to Mint State which in the numismatic world means that the coin does not bare the wear and tear marks that normally occur as the coins circulated through the public for commerce.65 is a grade on the Sheldon Coin Grading Scale which was developed by William Sheldon, a self described numismatist. Sheldons scale has evolved to be the standard in the coin industry today, and ranges from 1 to 70, with 70 being a perfect coin. Coins with a grade of 60 and above are considered Mint State.Very, very few gold coins of this age end era survive in this condition, especially ones that were so inexpensive to acquire. A coin in MS65 a condition will have a superior strike and luster, a very, very high eye appeal, and only the slightest of flaws visible. Any flaws however, should not be in the focal area of the coin. store.itmtrading/p/1005/1-gold-coins-type-1-ms65
Posted on: Tue, 04 Nov 2014 00:46:52 +0000
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